At 12:25 IST, the barometer index, the S&P BSE Sensex tanked 755.77 points or 0.98% to 73,996.33. The Nifty 50 index declined 206.20 points or 0.89% to 22,941.60.
In the broader market, the BSE 150 MidCap Index declined 0.57% and the BSE 250 SmallCap Index fell 1.01%.
The market breadth was weak. On the BSE, 1,328 shares rose and 2,842 shares fell. A total of 285 shares were unchanged.
Brent crude for December 2026 settlement declined $2.57 or 2.34% to $107.29 a barrel.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 5.13% to 14.97. The Nifty 27 October 2026 futures were trading at 22,936.10 at a discount of 5.50 points as compared with the spot at 22,941.60.
The Nifty option chain for the 27 October 2026 expiry showed a maximum call OI of 1.17 crore contracts at the 23,500 strike price. A maximum put OI of 69.3 lakh contracts was seen at the 22,500 strike price.
Buzzing Index:
The Nifty IT index fell 1.02% to 31,598.50. The index jumped 12.61% in the past four trading sessions.
Infosys (down 2.02%), LTM (down 1.6%), Oracle Financial Services Software (down 1.45%), Coforge (down 0.92%), Tech Mahindra (down 0.84%), Mphasis (down 0.68%), Wipro (down 0.23%), Tata Consultancy Services (down 0.02%) surged.
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